Source: Global Market Report On Monday, the turnover of US stocks ranked first, closing up 0.75% with a turnover of $38.014 billion. Since the opening on June 10, Nvidia's stock has been trading at adjusted prices after the split. The overall value of Nvidia is not expected to change after the split, and the lower stock price will make it easier for investors to reach. In terms of product structure, the operating income of 10-30 billion yuan products is respectively 401/1288/60 million yuan.
As of press time, US stocks opened higher on the evening of the 26th Beijing time. The S&P 500 rose 1.42% and the Nasdaq rose 0.79%. The core PCE index in June was higher than expected, showing mild inflation. Bank of America warned that if the US economy continues to cool, technology stocks will come under further pressure. As of Thursday's close this week, the S&P 500 fell 1.9%, the Nasdaq fell nearly 3.1%, and the Dow Jones fell about 0.9%. While major stock indexes fell, money was withdrawn from tech and high-growth stocks that had previously led the market and turned to small-cap stocks and sectors with stronger market cycles. LPL Financial's chief technology strategist Adam Turnquist said: "Due to the selling pressure in the large-cap area dragging down the overall market, market volatility has risen again this week. In addition, the overbought situation of stock indices has also led to recent market weakness." He pointed out that although some other sectors have performed well, the weakness of heavyweight tech stocks still poses a challenge to the market.$Dow Jones Industrial Average (.DJI.US)$Analysts pointed out that overall, price pressures are easing, which may help boost Fed officials' confidence that inflation is moving toward the 2% target. Cameron Crise, an analyst, said that the US PCE price index roughly met expectations, but as mentioned earlier, the year-on-year change in the core data was slightly higher than expected after some adjustments. Crise said that considering the general prediction of the market, the new level of the core index is also slightly higher than expected. Excluding housing, core service spending data is not as moderate as the corresponding data in the CPI report, with a month-on-month increase of 0.19%. The corresponding data for the previous month has been revised upward from 0.1% to 0.18%. These data are not enough to prevent the Fed from cutting interest rates in September, but there is also no indication that the Fed needs to cut interest rates ahead of time or by more than 25 basis points.$Nasdaq Composite Index (.IXIC.US)$Rose 0.54%,$S&P 500 Index (.SPX.US)$As of Friday, investors welcomed the inflation indicator favored by the Fed, and consumer spending data showed that US inflation rose moderately in June and consumer spending remained stable, indicating an improved inflation environment, which is encouraging for officials who hope to cool inflation without damaging the economy. The US Bureau of Economic Analysis on Friday said that the PCE price index rose slightly by 0.1% in June after being flat in May. The annual PCE price index fell from 2.6% in May to 2.5% in June. The core PCE price index in the US rose 0.2% in June, unadjusted data for May showed growth of 0.1%.
Star tech stocks rose across the board, with asml holding up more than 3%, and nvidia, Meta Platforms and Qualcomm up more than 2%, AMD, Broadcom and other stocks up more than 1%. According to reports on Friday, Amazon engineers tested the company's strictly confidential new server design. Rami Sinno, an Amazon executive who visited the lab on Friday, said the server is equipped with Amazon's artificial intelligence chip and can compete with market leader Nvidia's chips.
This week, Bank of America warned that if the US economy continues to cool, technology stocks will come under further pressure. Strategist Michael Hartnett said in a report on Friday that signs of an economic slowdown will drive investors to stocks that have lagged behind expensive tech giants this year. Hartnett said recent data show the global economy is "weak" and major tech stocks are "just one bad non-farm payroll away from losing dominance." However, Hartnett said bulls in the stock market still insist that the pullback is "healthy" because the market has not yet fallen below a key level. Wedbush Securities emphasized that the relative weakness of tech stocks due to quarterly earnings under the rapid development trend of AI chips and cloud computing is a "temporary phenomenon." The institution said in a recent report that the global business spending on AI is comparable to the "fourth industrial revolution," and AI will ultimately enhance productivity across the board. Therefore, the pullback of growth tech stocks and other popular tech stocks related to AI is a normal phenomenon, and the adjusted valuation is more healthy, laying the foundation for subsequent innovation highs.
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In 2023, the company's overall sales volume of 18,000 kiloliters, +28.10% year-on-year, significant growth. Product structure, 10-30 billion yuan products operating income of 401/1288/60 million yuan respectively.
Hartnett said that recent data shows the global economy is "weak" and large tech stocks are just one bad non-farm payrolls away from "losing dominance". However, Hartnett said that stock market bulls still believe that the pullback is "healthy" as the market has not yet fallen below key levels.
US stocks opened higher on Friday evening Beijing time. At the time of publication, the S&P 500 rose 1.42%, and the Nasdaq rose 0.79%. The June core PCE index in the United States was higher than expected, showing mild inflation. Bank of America said that if the US economy continues to cool, technology stocks will come under further pressure.$Alphabet-A (GOOGL.US)$and $Tesla (TSLA.US)$Analysts pointed out that as the trend of rapid development of AI chips and cloud computing continues, the relative weakness of tech giants due to quarterly performance that has lagged behind will lead to a temporary phenomenon in the rapid development trend. The pullback of growth tech stocks and other popular tech stocks related to AI is a normal phenomenon, and the adjusted valuation is more healthy, laying the foundation for subsequent innovation highs.
Bank of America warned that if the US economy continues to cool, technology stocks will come under further pressure. Strategist Michael Hartnett said in a report on Friday that signs of an economic slowdown will drive investors to stocks that have lagged behind expensive tech giants this year. Hartnett said recent data show the global economy is "weak" and major tech stocks are "just one bad non-farm payroll away from losing dominance." However, Hartnett said bulls in the stock market still insist that the pullback is "healthy" because the market has not yet fallen below a key level.$NVIDIA (NVDA.US)$According to reports on Friday, Amazon engineers tested the company's strictly confidential new server design. Rami Sinno, an Amazon executive who visited the lab on Friday, said the server is equipped with Amazon's artificial intelligence chip and can compete with market leader Nvidia's chips.
As of Friday, investors welcomed the inflation indicator favored by the Fed, and consumer spending data showed that US inflation rose moderately in June and consumer spending remained stable, indicating an improved inflation environment, which is encouraging for officials who hope to cool inflation without damaging the economy. The US Bureau of Economic Analysis on Friday said that the PCE price index rose slightly by 0.1% in June after being flat in May. The annual PCE price index fell from 2.6% in May to 2.5% in June. The core PCE price index in the US rose 0.2% in June, unadjusted data for May showed growth of 0.1%.
While major stock indexes fell, money was withdrawn from tech and high-growth stocks that had previously led the market and turned to small-cap stocks and sectors with stronger market cycles. LPL Financial's chief technology strategist Adam Turnquist said: "Due to the selling pressure in the large-cap area dragging down the overall market, market volatility has risen again this week. In addition, the overbought situation of stock indices has also led to recent market weakness." He pointed out that although some other sectors have performed well, the weakness of heavyweight tech stocks still poses a challenge to the market.
Analysts pointed out that the US PCE price index roughly met expectations, but as mentioned earlier, the year-on-year change in the core data was slightly higher than expected after some adjustments.
The weather is good today The weather is good today.
As of press time, US stocks opened higher on the evening of the 26th Beijing time. The S&P 500 rose 1.42% and the Nasdaq rose 0.79%. The core PCE index in June was higher than expected, showing mild inflation. Bank of America warned that if the US economy continues to cool, technology stocks will come under further pressure.
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Analysts pointed out that the US PCE price index roughly met expectations, but as mentioned earlier, the year-on-year change in the core data was slightly higher than expected after some adjustments.
$Amazon (AMZN.US)$According to reports on Friday, Amazon engineers tested the company's strictly confidential new server design. Rami Sinno, an Amazon executive who visited the lab on Friday, said the server is equipped with Amazon's artificial intelligence chip and can compete with market leader Nvidia's chips.
$Apple (AAPL.US)$Becoming the latest company to agree to a series of voluntary measures on artificial intelligence (ai) set by US President Joe Biden, these measures aim to guide the development of this emerging technology and encourage companies to protect consumers.
The US government announced on Friday that Apple will join OpenAI, Amazon, Alphabet, Meta, Microsoft, and other companies in a pledge to test their AI systems for any discriminatory, safety or national security risks.
According to reports, Apple will produce the Pro/Pro Max models of the iPhone 16 series to be launched soon through its partner Fujikura. This will be the first time that Apple has assembled iPhone Pro models in India.
On Friday,$Advanced Micro Devices (AMD.US)$Announced at ChinaJoy 2024 the release of the Ryzen 9000 series processors based on the Zen 5 architecture. AMD said the product will be available for purchase on August 15. It is worth noting that earlier this week, AMD announced that the release of its Ryzen 9000 series processors based on the Zen 5 architecture had been postponed due to unspecified quality issues. AMD previously said that the delay of the product launch was out of caution to ensure that no chip with quality issues was delivered to customers.
According to reports,$Alphabet-A (GOOGL.US)$DeepMind has made significant progress in solving complex math problems.
Google unveiled the AlphaProof model specifically designed for mathematical reasoning on Thursday, and an upgraded version of the AlphaGeometry 2 geometric model that was originally launched earlier this year. Google said in a blog post that these programs solved four of the six difficult problems in the International Mathematics Olympiad (IMO).
JPMorgan raised the target price of Alphabet from $200 to $208 and gave it a "shareholding" rating.
$Meta Platforms (META.US)$Meta may face fines of $13.4 billion from the European Union (EU) for violating competition rules, according to insiders. Several insiders said on Thursday that regulators are expected to announce fines soon. Anti-trust authorities accused the US company of linking its Facebook online network to Facebook Marketplace, which is unacceptable.
The EU's punishment for Meta's violation of competition rules is expected to include a huge fine, which, according to competition rules, could amount to as much as $13.4 billion based on its global revenue.
$Taiwan Semiconductor (TSM.US)$Rose by more than 1%, German factories are scheduled to start construction by the end of the year, with mass production scheduled for the end of 2027 at the earliest.
$3M (MMM.US)$Rose more than 13%, the company raised its full-year profit outlook.
$Viking Therapeutics (VKTX.US)$Rose more than 5%, the development process of the company's VK2735 candidate weight loss drug has accelerated.
$Coinbase (COIN.US)$The stock price has risen, now up more than 6%. Three people, including OpenAI executives and former US Deputy Attorney General, joined the company's board of directors.
IT service provider.$Accenture (ACN.US)$Executives continued to reduce their shareholding.
Editor/Jeffy